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Subject:  Re: capital gains when you short Date:  7/19/1999  12:34 PM
Author:  fling Number:  17474 of 127753

That sounds just a tad rash; this from someone who has experienced the downside of AMT at its worst. It still is considerably less than the regular income tax you will owe at having created now a disqualifying disposition for those stocks you've sold. (I believe you said you'd not yet met the long term holding period).

Oh, I didn't sell cuz of the AMT, but because the stock went up even more, pushing it up to 40% of my portfolio. I think even Warren Buffet never had much more than 30% in Coke. :)
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